Intertek’s £9.4bn Takeover Spread Persists as Traders Eye Next Steps
Intertek shares traded at 5,605 pence on Monday, about 7% below EQT’s £60-a-share cash bid, as investors weighed deal risks ahead of Intertek’s May 20 AGM and EQT’s June 11 firm-offer deadline. The board has paused its strategic review and signaled willingness to recommend the offer if a formal bid is made.